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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 16, 2019

Wednesday, October 16, 2019 | 02:34pm

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.00 percent as published by the Federal Reserve on October 15, 2019.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE SEPTEMBER 4, 2019

Wednesday, September 04, 2019 | 10:02am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.25 percent as published by the Federal Reserve on September 3, 2019.

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